U.S. Markets Close Higher Supported by Technology and Cryptocurrency Recoveries
US markets closed higher, led by tech and crypto rebounds; rate cut hopes rise as economic data weakens, Nasdaq futures steady.
According to Yahoo Finance, U.S. markets closed higher yesterday (December 2), with the Nasdaq (+0.59% to 23,413.67), S&P 500 (+0.25% to 6,829.37), and Dow Jones (+0.39% to 47,474.46).
The rise was supported by a recovery in Bitcoin above $90,000 and gains in technology stocks (Apple recorded a record close, Nvidia +3%).
The recovery came after a decline due to inflation concerns, with expectations of an 84.7% chance of an interest rate cut in December.
The Nasdaq ended November down 2% (its first loss in seven months), but expectations are positive for December as weak economic data supports a rate cut.
Today (December 3): Nasdaq futures are stable (+0.1%), with anticipation of employment data.
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